lululemon athletica (LULU) FY2024 results: revenue $10.6 billion, up 10.1% on the year
lululemon athletica Inc. (LULU) reported revenue of $10.6 billion for fiscal 2024, the year ended 2 February 2025, up 10.1% on the year before. Net income was $1.8 billion, up 17.1%, and diluted earnings per share $14.64. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2025.
Revenue
$10.6 billion
+10.1% on the year
FY2017FY2024
Operating margin
23.7%
22.2% a year earlier
FY2017FY2024
Net income
$1.8 billion
+17.1% on the year
FY2017FY2024
Diluted EPS
$14.64
+20.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,273
2,296
966
-1.0%
Capital expenditure
689
652
639
+5.7%
Free cash flow
1,583
1,644
328
-3.7%
Free cash flow margin
15.0%
17.1%
4.0%
Cash from investing
-798
-654
-570
Cash from financing
-1,653
-549
-467
Depreciation and amortisation
447
379
292
+17.7%
Share-based compensation
90.0
93.6
78.1
-3.8%
Buybacks
1,637
559
444
+193.0%
Diluted shares, weighted
124m
127m
128m
-2.5%
Shares outstanding at period end
116m
121m
122m
-4.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,324
4,232
3,149
+2.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
1,301
1,154
862
+12.7%
Other liabilities
1,979
1,706
1,596
+16.0%
Total liabilities and equity
7,603
7,092
5,607
+7.2%
Fixed assets
1,781
1,546
1,270
+15.2%
Goodwill
160
24.1
24.1
+562.4%
Intangible assets
11.7
0.0
22.0
Cash and equivalents
1,984
2,244
1,155
-11.6%
Receivables
120
125
133
-3.7%
Inventory
1,442
1,324
1,447
+9.0%
Other assets
2,105
1,830
1,556
+15.0%
Total assets
7,603
7,092
5,607
+7.2%
10-K for the year ended 2 February 2025, filed 27 March 2025: the filing.